Holdings Characteristics

Ten Largest Stocks

UnitedHealth Group Inc 3.51%
Constellation Brands Inc 3.35%
Cisco Systems Inc 3.16%
Apple Inc 3.01%
Fiserv Inc 2.94%
Twenty-First Century Fox Inc 2.92%
Texas Instruments Inc 2.82%
eBay Inc 2.81%
Wal-Mart Stores Inc 2.81%
Carnival Corp 2.79%
Total 30.12%

Portfolio Characteristics

Patriot Fund S&P 500
# of Holdings 43 505
Average Market Cap $149.7b $197.1b
Price/ Earnings Ratio 19.89x 22.43x
Price/ Book Ratio 3.0x 3.3x
Beta 0.95 1.00

Sector Diversification

Patriot Fund S&P 500
Information Technology 22.45% 23.67%
Health Care 14.75% 13.71%
Financials 14.19% 14.75%
Industrials 11.63% 10.22%
Consumer Discretionary 11.10% 12.16%
Consumer Staples 9.43% 8.17%
Energy 5.30% 6.04%
Cash 3.23% 0.00%
Utilities 2.09% 2.91%
Materials 2.00% 2.98%
Real Estate 1.92% 2.87%
Telecommunication Services 1.90% 2.05%

As-of 12/31/17

The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund’s current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.

1056-NLD-2/7/2018